Export of goods and services against repayment of State credits must follow Reserve Bank instructions through Authorised Dealers. Regulation 14 requires that exports of goods and services against repayment of State credits granted by the erstwhile Soviet Union under the inter banking arrangement be effected by an Authorised Dealer in compliance with instructions and directions issued by the Reserve Bank for implementation.
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Provisions expressly mentioned in the judgment/order text.
Export of goods and services against repayment of State credits must follow Reserve Bank instructions through Authorised Dealers.
Regulation 14 requires that exports of goods and services against repayment of State credits granted by the erstwhile Soviet Union under the inter banking arrangement be effected by an Authorised Dealer in compliance with instructions and directions issued by the Reserve Bank for implementation.
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